Calamos Advisors LLC Sells 8,353 Shares of Weyerhaeuser (NYSE:WY)

Calamos Advisors LLC cut its stake in shares of Weyerhaeuser (NYSE:WY) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 228,849 shares of the real estate investment trust’s stock after selling 8,353 shares during the quarter. Calamos Advisors LLC’s holdings in Weyerhaeuser were worth $6,497,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WY. American National Bank lifted its stake in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser in the first quarter valued at approximately $33,000. Park Place Capital Corp boosted its position in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Weyerhaeuser during the first quarter worth $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

WY traded up $1.10 during trading on Friday, reaching $31.36. The stock had a trading volume of 3,294,938 shares, compared to its average volume of 4,027,113. The business has a 50-day moving average of $29.67 and a 200-day moving average of $31.50. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The stock has a market cap of $22.81 billion, a PE ratio of 28.51 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.59 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WY shares. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. DA Davidson decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $35.83.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.